PPG to acquire Mexico’s Consorcio Comex for $2.3 billion

TessStynes

PPG Chairman and Chief Executive Charles E. Bunch said the acquisition is complementary to the paint and coatings maker’s business because it “adds a leading architectural coatings business in Mexico and Central America, a region where we have negligible architectural coatings presence.”

Pittsburgh-based PPG
PPG, -1.02%
, which makes coatings for the auto, aircraft and other markets, has been realigning its businesses in recent years to focus more on paint and other coatings from glass and chemicals.

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